Please show all steps: Use MACRS to compute the depreciation schedule for a carbonated beverage dispensing...

Please show all steps:

Use MACRS to compute the depreciation schedule for a carbonated beverage dispensing machine that cost $60,000 (use the 3 yr depreciation schedule). Assume salvage value is $10000.

Expert Solution

Use MACRS to compute the depreciation schedule for a carbonated beverage dispensing machine that cost $60,000 (use the 3 yr depreciation schedule). Assume salvage value is $10000.

Assume salvage value is $10000.= In MACRS depreciation method doesn’t consider the salvage value. So not take this value in the calculation.

Depreciation schedule ( under MACRS 3 year class)

Year	Cost	MACRS rate	Depreciation = Cost * rate	Accumulated depreciation (Cumulative the each year dep.)	Book value at end of each year
1	60000	33.33%	19998	19998	40002
2	60000	44.45%	26670	46668	13332
3	60000	14.81%	8886	55554	4446
4	60000	7.41%	4446	60000	0

The modified accelerated cost recovery system (MACRS) is a depreciation system used for tax purposes. MACRS depreciation allows the capitalized cost of an asset to be recovered over a specified period via annual deductions. The MACRS system puts fixed assets into classes that have set depreciation periods

In a MACRS 3 year property, depreciation should charge over its 4th year. It is mainly used for tax purpose,

jeff jeffy answered 1 year ago

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